Markets Oversold Or More Pain Coming – Capitulation or Just the Beginning?
August 05, 2011 at 09:45 AM EDT
Just to state what we see – it looks as if the massive sell-off that occurred yesterday, “felt” like it is close to a capitulation bottom. That said, what any of us “feels” is unimportant. The market direction and volume is the best indicator and history has often shown that reactions by investors are often [...]